The Latest Breaking News from ReneSola

Key Takeaways: ReneSola has encountered recent headwinds due to Covid-related lockdowns in China and withdrawal from a major U.S. project Company looks better positioned than peers from other industries due to accelerating focus on renewable power construction in the west By Doug Young

ReneSola Ltd. (NYSE:SOL) reported a first-quarter revenue decline of 85% year-over-year and sequentially to $3.5 million, driven by energy sales from IPP assets that came from 33 million KWh generated. Adjusted gross profit was $1.4 million, and the margin was 36.3% for the quarter. Adjusted operating expenses were $2.7 million, compared to…

Solar capacity installations have increased significantly amid growing climate concerns worldwide. And the federal government’s drive for clean energy deployments is propelling the solar industry’s growth in the United States. Because analysts believe solar power could account for nearly half of new U.S. electric generating capacity this year, Wall Street…

ReneSola (NYSE:SOL) has outperformed the market over the past 5 years by 5.31% on an annualized basis.

GAINERS: Nine Energy Service (NYSE:NINE) shares closed up 57.66% at $5.66

Shares of solar-related companies, including Sunrun Inc (NASDAQ: RUN), ReneSola Ltd (NYSE: SOL) and SunPower Corp (NASDAQ: